I know, guys, thanks for tuning in. This is Dana. What I want to talk about tonight is your basic land purchase agreement. I think it's an issue that needs to be addressed. A conventional land purchase agreement will typically call the HUD (Housing and Urban Development) land purchase agreement. It's what's provided by a typical realtor if you go in conventional. I know from my experience in the past, it's about 12 pages, I want to say. Now, it is probably across the board nationwide, a lot of fine print, really confusing. Most of the time, what happens is what's happened to me as a pastor, I'll send that out to a potential seller. They receive it, but they're not real estate savvy. They just want to get the deal done. They see this 12 or 10 page contract and they get intimidated. They try to read it, and before you know it, they're discouraged and afraid of missing something. If they don't send it back and if they decide you still want to pursue, a lot of times, they'll take it to an attorney. Most of the times, not even a real estate attorney. And if he is, even those guys sometimes they're confused by it. They're reluctant to sign off on it, so it just becomes a big clog in the system. So what I've done over the past and I've confirmed a couple of legit real estate attorneys very savvy than anything United States, if both parties signed, the seller and the buyer, dated, it's a legally binding contract. So once I confirm that, what I decide to do is compress my contract as simple as I could with just the most pertinent information that I needed. So I'm going to go over the basics of...
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Vacant Land Purchase Agreement Form: What You Should Know
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